Doge is valued at $50B now. To get to a dollar means a $100B valuation. So a shitload of cash needs to be dumped in. I don't think Reddit people have that much money to spike the price.
Not as much as you think.
Roughly 3.1M wallets holding Dogecoin.
About 639 wallets hold 79% of supply.
About 41,000 wallets hold 95% of supply.
Therefore about 3.06M wallets are buying the crumbs and sending up the price.
Elon has 51.7M followers on Twitter who gag for dog tweets.
The 95% drip feed the coins to the inbound 5% at a rate slower than purchases which creates net inflow of capital. Each purchase therefore raises the price of the next purchase. To go from 50B to 100B when almost every buyer HODLs might only take 0.1B net inflow.
This is what causes parabolic runs but as seen with GME, if HODLers remain HODLing the price doesn’t crash into oblivion.
This gives you insight into why people still claiming diminishing returns for BTC this run have been wrong so far and will continue to be wrong.